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Boeing to cut 10% of workforce

The company has projected a large third-quarter loss.

AviLease acquires 9 aircraft from Avolon

AviLease had purchased 13 aircraft from Avolon in 2023.

ADNOC L&S to pay $136.5m dividend

This is equivalent to 6.78 fils per share, the company said.

‘TAQA’ prices $1.75bn dual tranche

The 12-year senior unsecured notes are sized $850m.

Samsung says planning job cuts

The layoffs could affect about 10 percent of the workforce.
  • Israeli army kills Palestinian as settlers rally at West Bank outpost

    Mohammed Fayez Balhan, 15, was killed after being shot "with live occupation (Israeli) bullets in the head, chest and abdomen",...

    The Israeli army meanwhile said its forces were operating in the Aqabat Jaber camp near Jericho, without providing further details.

    Members of Israeli cabinet joined thousands of settlers who rallied in West Bank to push for settlements to be set up in the occupied Palestinian territory.

  • Environment Agency – Abu Dhabi launches strategic environmental assessment program

    ABU DHABI, UAE - The Environment Agency - Abu Dhabi (EAD) has introduced the Strategic Environmental Assessment (SEA) planning program...

    Strategic Environmental Assessment will promote sustainable development and a healthy environment for future generations.

    SEA will aid in evaluating environmental impacts and guiding the investigation of alternatives and potential mitigation efforts.

  • US deploys naval destroyer in South China Sea as China rehearses ‘sealing off’ Taiwan

    After two days of exercises that included simulating targeted strikes on Taiwan and encirclement of the island, the Chinese military...

    China launched the exercises in response to Taiwan President Tsai Ing-wen's meeting with US House Speaker Kevin McCarthy last week

    The US which had called for China to show restraint, on Monday sent the USS Milius guided-missile destroyer into Beijing-claimed waters

  • 4th batch of Saudi oil derivatives grant arrives in Aden

    Aden, Yemen - The fourth batch of the Saudi Oil Derivatives Grant, consisting of 150,000 metric tons of diesel and...

    This initiative is part of Saudi Arabia's ongoing efforts to support the Yemeni people

    The grant was provided to help Yemen operate over 70 power generation plants

  • China to end Taiwan military exercises with live-fire drills

    China's war games involved sending planes, ships and personnel into "the maritime areas and air space" around all four sides...

    Chinese fighter jets and warships simulated strikes on the self-ruled in exercises that sparked condemnation from Taipei and calls for restraint from Washinghton

    Dubbed "Joint Sword", the three-day operation has included rehearsing an encirclement of Taiwan, the People's Liberation Army's (PLA) Eastern Theatre Command said

  • Manaf Al Hajri named finance minister in new Kuwait cabinet

    Dubai, UAE -- Kuwait's Prime Minister Sheikh Ahmad Nawaf al-Sabah has named Manaf Abdulaziz Al Hajri as minister for finance...

    Most of the ministerial portfolios remain unchanged in the new cabinet, such as Bader Al Mulla, who stays the oil minister.

    Sheikh Talal Al-Khaled Al-Sabah re-appointed as minister of interior and acting minister of defense, and Sheikh Salem Abdullah Al-Jaber Al-Sabah continues to be foreign minister.

  • Saudi delegation arrives in Yemen for peace talks with Houthis

    The delegation's arrival comes roughly a month after China helped broker a surprise rapprochement between Saudi Arabia and Iran, fuelling...

    Saudis and Houthis are believed to have agreed in principle on a six-month truce to pave the way for three months of talks on establishing a two-year "transition" for Yemen.

    The deal is expected to fulfil key Houthi goals, including paying salaries of civil servants in Houthi-controlled areas and lifting restrictions on Houthi-controlled airports.

  • Iran officials to visit Saudi Arabia on April 14 ahead of reopening diplomatic missions

    Iran's foreign ministry said a delegation will visit Saudi Arabia by April 14 to pave the way for reopening its...

    "We are expecting a foreign ministry delegation to visit Saudi Arabia" by Friday (April 14), Deputy Foreign Minister Alireza Enayati said.

    "Two separate delegations will go to Riyadh and Jeddah", ahead of the reopening of Iran's embassy and consulate respectively, he said.

  • Pope deeply concerned as Israel-Palestine violence escalates

    VATICAN CITY, HOLY SEE - Pope Francis underlined his "deep concern" over a flare-up in tensions between Israel and Palestinians, as...

    Fresh violence "threatens the climate of trust and mutual respect needed to resume dialogue between Israelis and Palestinians," the Pope said.

    Israel launched artillery strikes on Syria in retaliation for rockets the army said were fired from there onto Israeli territory.

  • Oman issues order to regulate consumer cooperatives

    MUSCAT, OMAN  -   Oman Ministry of Commerce, Industry and Investment Promotion on Sunday  issued an order to regulate the activities...

    The order aims at promoting Omani products, establishing new supply chains, supporting national industries.

    The ministry pointed out that consumer cooperatives operate under a legal framework to sell goods.